(a) Expiration, before, on, or after November 13, 2021, of a period of limitation on an owner's right to receive or recover property, whether specified by contract, statute, or court order, does not prevent the property from being presumed abandoned or affect the duty of a holder under this chapter to file a report or pay or deliver property to the Administrator.
(b) The Administrator may not commence an action or proceeding to enforce this chapter with respect to the reporting, payment, or delivery of property more than 10 years after the holder filed a non-fraudulent report under § 41-154.01 with the Administrator. The parties may agree in a record to extend the limitation in this subsection.
(c) The Administrator may not commence an action, proceeding, or examination with respect to a duty of a holder under this chapter more than 10 years after the duty arose.
(Nov. 13, 2021, D.C. Law 24-45, § 7042, 68 DCR 010163.)
Structure District of Columbia Code
Chapter 1A - Revised Uniform Unclaimed Property Act
Subchapter VI - Taking Custody of Property by Administrator
§ 41–156.01. Definition of good faith
§ 41–156.03. Payment or delivery of property to Administrator
§ 41–156.04. Effect of payment or delivery of property to Administrator
§ 41–156.05. Recovery of property by holder from Administrator
§ 41–156.06. Property removed from safe-deposit box
§ 41–156.07. Crediting income or gain to owner's account
§ 41–156.08. Administrator's options as to custody
§ 41–156.09. Disposition of property having no substantial value; immunity from liability